IRS: Taxing ALL Rich People Not Enough to Pay U.S. Deficit

Posted by FactReal on August 11, 2011

MILLIONAIRES’ INCOME VS. BUDGET DEFICIT
A recent IRS report proved that if government confiscated the entire annual earnings from the so-called rich, it would not provide enough money to pay the annual budget deficit:
● People with annual incomes over $1 million earned a total of $727 billion in 2009.
● People with incomes of $10 million per year or more earned a total of $240 billion in 2009.